RE: Now WIN has enough cash for at least 1 YearNot to be disagreeable but the discussions of "dilution" are largely irrelevant, what I care about is share price appreciation.
The only concern about financing is whether the funds are put to productive uses where their returns exceed their costs, and if so, will that increase the share price. How could it be adverse if it provides them opportunities that they otherwise couldn't gain access to, and thus increases the share price more than could otherwise be attained? To me everything else is irrelevant.
There are multiple ways to gain funds, for instance, if the financing is related to upcoming contracts, could WIN have reduced their margin to get funding, could WIN have sold their AR's, could WIN have gotten a lne of credit, etc., etc. My hope and expectation is that with all the options available this was the best.
Now if the funds are to be used only to survive it will have a negative impact on the share price which is my concern. I actually increased my holdings yesterday, as I believe the financing is for very productive uses, and the reaction yesterday seemed on balance positive.
Regards.